Yext (NYSE:YEXT) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Yext (NYSE:YEXT) in a report issued on Thursday,Benzinga reports. Needham & Company LLC currently has a $10.00 price objective on the stock.

Other analysts have also issued reports about the company. Roth Mkm reiterated a “buy” rating and issued a $10.50 price objective (up from $7.50) on shares of Yext in a research report on Tuesday, December 10th. DA Davidson upped their price target on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Yext Trading Down 2.4 %

NYSE YEXT opened at $6.33 on Thursday. Yext has a 1 year low of $4.29 and a 1 year high of $8.75. The company has a market cap of $807.20 million, a P/E ratio of -42.17 and a beta of 1.26. The company has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $6.43.

Hedge Funds Weigh In On Yext

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in Yext in the 3rd quarter worth about $38,000. Quantinno Capital Management LP purchased a new position in Yext in the third quarter worth about $76,000. Canada Pension Plan Investment Board bought a new position in Yext during the second quarter valued at $62,000. Balboa Wealth Partners purchased a new stake in shares of Yext in the third quarter worth approximately $114,000. Finally, Intech Investment Management LLC purchased a new stake in Yext in the 3rd quarter valued at about $145,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Company Profile

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.